Faced with a serious balance of payments problem in 2008, it turned to global institutions led by the International Monetary Fund for $25 billion in aid.
In a concert of Brahms and Schumann works at the 92nd Street Y in December, the usually reliable David Jolley became ensnared in every tangle a hornist can encounter (or create), including serious balance issues in ensemble pieces.
Fauré's Pavane (Op. 50) was given a similar treatment, though with serious balance problems, stemming partly from the amplification of Mr. McFerrin's voice and partly from erratic horn playing.
An abrupt change in a country's terms of trade (e.g., a drastic fall in the price of a primary product that is a country's main export) can cause serious balance-of-payments problems if the country depends on the foreign exchange earned by its exports to pay for the import of its manufactured goods and capital equipment.
May should listen to her chancellor on the risks she is taking when the economy is already struggling with serious balance of payments and budgetary problems – just think of all the lost revenue and export potential if crucial manufacturing and financial institutions relocate!
This follows its most serious balance of payments crisis since independence drains its hard currency reserves.
"No doubt there are serious balance sheet issues here, but we expect Las Vegas Sands to outline plans shortly and see the probability of resolution as high," he said.
While this merger may postpone recognition of a serious balance sheet hit, it will actually hinder the new entity's competitive position against other telecom companies that are showing vastly deflated asset values.
"Clearly the company does not believe that it has a serious balance sheet problem, and it simply refuses to take what it believes are fire sale prices for its key assets," says Richard Bove, an analyst at Ladenburg Thalmann.
This fierce lady has serious confidence, but as Melanie said, don't try this unless you've got serious balance and un-wobbly ankles.
